According to the latest report by IMARC Group, titled "Ceramic Tiles Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025," the global ceramic tiles market size reached US$ 76 Billion in 2019, growing at a CAGR of 9% during 2012-2019. Ceramic tiles refer to commercially produced tiles that are made by the amalgamation of clay, silica sand, feldspar and dolomite. They are extremely durable, lightweight and versatile in nature. They also offer substantial resistance to high temperature while withstanding exposure to caustic or acidic chemicals. These tiles are available in numerous sizes, shapes, colors, designs and textures due to which they are continually replacing hardwood and other flooring solutions, such as concrete and marble. Their anti-skid and anti-bacterial properties have contributed to their widespread adoption in the construction of hotels, hospitals and laboratories across the globe.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Ceramic Tiles Market Trends:
The market is primarily driven by a significant rise in construction activities in recent years, especially in developing economies. Rapid urbanization and improving living standards of the majority of the population have catalyzed the demand for new and modern residential spaces with aesthetic flooring solutions. Apart from this, these tiles are widely manufactured using naturally-occurring minerals in an eco-friendly manner. Growing environmental concerns and an enhanced focus on sustainable development among the masses are also contributing to the market growth. Furthermore, constant technological advancements have enabled the development of product variants that emit minimal harmful gases during the production process. This, coupled with the increasing adoption of spray drying techniques for manufacturing the tiles, is expected to propel the market growth. On account of the aforementioned factors, the market is projected to reach a value of US$ 115 Billion by 2025, exhibiting a CAGR of 7.1% during 2020-2025.
- On the basis of the type, the market has been divided into floor, wall and other tiles, wherein ceramic floor tiles represent the most popular type.
- Based on the application, the market has been classified into the residential, commercial and replacement segments. Among these, the residential sector exhibits a clear dominance in the market.
- On the geographical front, the market has been segregated into Brazil, China, Vietnam, India, Indonesia and others. Currently, China holds the leading position in the market.
- The competitive landscape of the industry has been analyzed in the report with the detailed profiles of the key players. Some of these players include Mohawk Industries, Inc., The Siam Cement Group, Grupo Lamosa, RAK Ceramics PJSC, and Cerâmica Carmelo Fior.
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